Temasek Holdings Private Ltd Grows Position in Talen Energy Corporation $TLN

Key Points

• Temasek Holdings has significantly increased its stake in Talen Energy Corporation (TLN) by 882.4%, owning approximately 0.17% of the company after acquiring an additional 71,123 shares.
• Several institutional investors, including Third Point LLC and NewEdge Advisors LLC, have also acquired substantial stakes in Talen Energy during the first quarter, with NewEdge increasing their position by 17,400.0%.
• Analysts are optimistic about Talen Energy, with several brokerages setting price targets as high as $380.00 and an average target of $326.08, with a consensus rating of "Buy."

Temasek Holdings Private Ltd boosted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 882.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,183 shares of the utilities provider's stock after buying an additional 71,123 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.17% of Talen Energy worth $15,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Third Point LLC purchased a new stake in Talen Energy in the 1st quarter valued at $116,807,000. Sandler Capital Management purchased a new stake in Talen Energy in the 1st quarter valued at $4,902,000. Philosophy Capital Management LLC raised its position in Talen Energy by 7.7% in the 1st quarter. Philosophy Capital Management LLC now owns 193,788 shares of the utilities provider's stock valued at $38,694,000 after buying an additional 13,788 shares during the last quarter. PointState Capital LP purchased a new stake in Talen Energy in the 1st quarter valued at $75,148,000. Finally, NewEdge Advisors LLC raised its position in Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock valued at $175,000 after buying an additional 870 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TLN. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Oppenheimer set a $315.00 price target on Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. Morgan Stanley increased their price target on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group increased their price target on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Raymond James Financial began coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price target for the company. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $326.08.

Talen Energy Price Performance

Talen Energy stock opened at $389.19 on Friday. Talen Energy Corporation has a 12 month low of $137.55 and a 12 month high of $394.25. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The business's 50 day simple moving average is $342.25 and its 200 day simple moving average is $266.20. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 110.25, a PEG ratio of 2.68 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Sell-side analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the transaction, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently owned by insiders.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

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